According to the report, UConn's big loss came in ticket sales. It sold only 2,771 of the allotted 17,500 tickets, resulting in a $2,924,385 million loss, which all but offset the conference payout it received. UConn said Wednesday it actually sold about 4,600 tickets, the same number it reported sold in December.

"When we go to the Fiesta Bowl bid, we received zero tickets free," said UConn associate athletic director Mike Enright. "Yet we had some internal responsibilities before we could even start a public sale. We had to buy 400 tickets for the band, we had to buy tickets to fulfill corporate sponsorship packages, which generate $7.5 million to the athletic department, we had to fulfill obligations for tickets for coaching staff per contracts and student-athletes' families. So the number of tickets we sold was 4,600."